616-618 Warrigal Road, Malvern East, VIC 3145 | Other for sale | OnTheHouse
 
FOR SALE
FOR SALE

616-618 Warrigal Road
Malvern East VIC 3145

Bedrooms: 22
Bathrooms: 17
Car spaces: -
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Newly Completed Mixed-Use Investment - Blue Chip Malvern East

Completed in 2022, this premium apartment block presents an outstanding opportunity to acquire a substantial investment with exceptional future upside. Offering significant depreciation benefits, diversified income streams, and a rare scale in this tightly held pocket, this property is well-positioned to appeal to both long-term investors and strategic buyers.
Key Highlights
• 13 x fully completed 1 & 2 bedroom apartments on one title with the ability to strata and sell down in the future (STCA)
• Quality finishes throughout with premium appliances; several apartments fully furnished
• Flexible income streams: currently leased on 12-month residential tenancies with potential for higher returns via Airbnb (proven track record)
• Ground floor retail component securely leased on a 5-year term to 2027, with further options to 2032
• Projected Net Income: $417,071 pa* + GST
• Draft strata plan prepared, providing multiple future exit strategies (STCA)
• Superb connectivity: 600m* to Monash Freeway, opposite Chadstone Lifestyle Mega Store, 1.1km* to Chadstone Shopping Centre - Australia's largest and most renowned retail destination
• Excellent public transport links: Holmesglen Train Station and major bus routes nearby
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Property Details for 616-618 Warrigal Rd, Malvern East

616-618 Warrigal Rd, Malvern East is a 22 bedroom, 17 bathroom Other. The place is currently for sale with Ray White Glen Waverley.

Building Type
Other
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About Malvern East 3145

The size of Malvern East is approximately 7.7 square kilometres. It has 25 parks covering nearly 14.3% of total area. The population of Malvern East in 2016 was 21707 people. By 2021 the population was 22296 showing a population growth of 2.7% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation.In 2021, 66.90% of the homes in Malvern East were owner-occupied compared with 64.90% in 2016.

Malvern East has 12,707 properties. Over the last 5 years, Houses in Malvern East have seen a 28.91% increase in median value, while Units have seen a 9.00% increase. As at 30 November 2025:

  • The median value for Houses in Malvern East is $2,491,966 while the median value for Units is $616,709.
  • Houses have a median rent of $695 while Units have a median rent of $550.
There are currently 26 properties listed for sale, and 23 properties listed for rent in Malvern east on OnTheHouse. According to Cotality's data, 546 properties were sold in the past 12 months in Malvern east.

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Angelina Xu
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Jason Bertram
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Ray White Glen Waverley
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